vAuto’s ProfitTime GPS is the industry’s only solution that brings data-driven insights about each vehicles value to every retail pricing and every sourcing decision you make — in every channel you make them.
vAuto’s Provision inventory management software uses vAuto’s Live Market View to help used car dealers stock, appraise, price and list more precisely than their competitors.
How to Drive Vehicle Profitability | Q2 2024 Live Market View
Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.
vAuto’s Stockwave wholesale sourcing software gives you access to vehicles from 300+ marketplaces with the most accurate, up-to-the-minute Live Market View of today’s used car values and pricing.
Intelligent Promotion allows your dealership to merchandise more efficiently with attention-grabbing VDP content and promotions you can scale across your inventory.
The goal of your digital merchandising is to show shoppers that the value of your vehicle matches – or exceeds – the price you’re asking for. So, how do you convey enough value online to convince shoppers they’re getting a great deal?
iRecon reconditioning software allows your dealership to efficiently communicate with reconditioning partners, reduce holding costs and get vehicles in front of customers sooner.
See what repairing your recon can do for your profits
Building a more efficient process with iRecon can help increase your ROI. Use this calculator and see how much additional profit you could expect each month.
Managing inventory is a matter of making sure every decision makes money for your dealership. Provision® helps decision-making look easy, increasing efficiency and turn even in the toughest times.
Many dealers feel like their inventory — and their success — is limited. Dealers who use Conquest™ feel differently and have as much as a 39% increase in new car sales to show for it.
Battling a more challenging auction environment than ever, many dealers come home with cars that don’t gross. Dealers who use Stockwave are seeing as much as a 40% increase in gross profit.
Hear how one dealer used iRecon to identify and address flaws in their dealership’s reconditioning process that resulted in rapid growth in their pre-owned departments across the country.
How to Drive Vehicle Profitability | Q2 2024 Live Market View
Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.
How to Drive Vehicle Profitability | Q2 2024 Live Market View
Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.
Quarterly Industry Insights | New and Used Car Newsletter
What happened in the new and used car industry this past quarter? Visit our Industry Insights page to learn about days’ supply, inventory, pricing, sales trends and more!
How to Drive Vehicle Profitability | Q2 2024 Live Market View
Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.
Find answers to your most common support questions in our ever-expanding library of Knowledge articles. Available to you 24/7 from the Support link at the bottom of every vAuto page.
vAuto offers on-going training and webinars each month for our dealers. Check out our upcoming schedule and register today! Then, put your knowledge to the test with vAuto Academy’s Variable Management certification.
Join us as we showcase our latest innovations, share insights, and operational best practices for dealers. Here’s where you can find us and a glimpse of what you’ll get.
How to Drive Vehicle Profitability | Q2 2024 Live Market View
Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.
Find answers to your most common support questions in our ever-expanding library of Knowledge articles. Available to you 24/7 from the Support link at the bottom of every vAuto page.
How to Drive Vehicle Profitability | Q2 2024 Live Market View
Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.
Down nearly 4% from a year ago and down almost 3% from December 2023.
Day’s supply at the start of January hit 80, up 38% from the same time a year ago.
The last time days’ supply crossed the 80-days mark was June 1, 2020, when it was 83 days’ supply.
New-vehicle sales incentives increased in January 2024 for the third straight month as the sales pace slowed.
3-Month Sales Trend*
Month
Avg. Daily Retail Sales
November
48,400
December
52,500
January
43,200
Average Transaction Price*
Month
Amount
November
$47,435
December
$48,759
January
$47,401
Days’ Supply*
Month
# of Days
November
71
December
70
January
80
Daily Holding Cost Per New Car*
Month
Amount
November
$7.73
December
$7.71
January
$7.69
Dealer Profit Per New Car**
Month
Amount
November
$3,002
December
$2,729
January
$2,817
OEM Days’ Supply*
Rebates & Incentives
Latest News
Average Blended Incentive is $2,703
As supply inventories continue to rise, Lenders and OEMs are beginning to increase incentive mid-month changes to gain market share for the first time since we started experiencing chip shortages
The new federal tax rebate is allowing customers transfer a tax credit up to $7,500 to the dealer and apply the amount towards the final purchase cost of select vehicles that meet program requirements
Full-Size Pick-up Segment
After a strong December and close to 2023, sales dipped for January with the Ram 1500 at a 6-month low despite the high incentive offer of an average over $7,000
Compact Sedan Segment
Most consistent segment in the month of January, all other segments saw slower sales for the month of January
Mid-Size SUV Segment
Jeep Wrangler and Jeep Cherokee both were stand outs in the crowd with slightly higher sales as compared to December
Mid-Size Sedan Segment
Hyundai Sonata had two-fold increase of Active supply available on dealer showroom floors when compared to the previous 6 months
Toyota Corolla Active Supply has outnumbered sold units, marking the first time in over 6 months that active supply has out passed sold units
Electric Vehicle Segment
Chevy Bolt had a strong start to the 2024 year with the highest 6-month average of sold units
Tesla issued a recall of more than 2.2 million vehicles dating back to 2019 due to dashboard warning light “font” size
“It is common to see lower transaction prices and sales in January, as December typically is a hot month for luxury vehicle sales. However, the year-over-year new-vehicle ATP [average transaction price] decline of 3.5% is notable. Prices have been trending downward for roughly six months now as automakers are sweetening deals to keep the sales flowing.”
